Answer:
a. 
b. The symbol y-bar represents the average price of hotels in the area
Step-by-step explanation:
a. The regression line equation is given by:
Where Alpha represents the slope, Beta represents the intercept with the Y axis, and epsilon represents the random component of the model. Thus,
y 
Obtaining:
.
b. In a simple linear regression model the value of y-bar represents the average of all values of y observed. Thus, since y represents the prices of the hotels, then y-bar is the average price of hotels in the area.
Geometric mean =x=<span>√(5 × 20)
=</span>√100
=10
Answer:
- a) $56000
- b) DA = 2, GA = 10
Step-by-step explanation:
<u>Given</u>
- DA = A + B ⇒ $3000
- GA = A + 2B ⇒ $5000
- Number of A = 12
- Number of B = 22
<u>We can see from the equations that</u>
- GA - DA = B ⇒ $2000 and
- A = $1000 and B = $2000 in terms of profit
<u>So greater use of unit B brings greater profit. We don't want any unit is left over, so get this equation.</u>
Is the equation set to indicate use of the units A and B
<u>Solving we get </u>
<u>It this case all the units are used and profit is maximum</u>
- 2*$3000 + 10*$5000 = $56000
- Number of DA = 2
- Number of GA = 10
Answer:
C. The line does not go through the origin.
Step-by-step explanation:
We have been given a straight line graph that doesn't pass through origin (0,0) and has y-intercept at (0,3).
Now we need to decide why that graph doesn't represent a direct variation.
We know that graph represents variation when it passes through origin. But since given graph doesn't passes through origin so it doesn't represent the direct variation.
Correct choice is :
<u>C. The line does not go through the origin.</u>
